Landsea Green Management Limited · HKEX:106
Landsea Green Management — Landsea Green Group Company — FY2018 Earnings Presentation
24 slides from Landsea Green Management's earnings presentation, Mar 25, 2019
Slide 1: Landsea Green Group 2018 Annual Results Presentation
Landsea Green Group Company Limited 2018 Annual Results Presentation 25 March 2019
Slide 2: Content
CONTENT 1/ Results Highlight 2/ Financial Performance 3/ Business Review 4/ Outlook for 2019 5/ Appendix: Company Overview 01
Slide 3: 1/ Results Highlight
1/ Results Highlight 02
Slide 4: Results Highlight
Results Highlight ◼ Net profit amounted to RMB1.44 billion, increased by 99.9%; net core profit amounted to RMB1.27 billion, increased by 36%; earnings per share amounted to RMB27 cents, increased by 93%; Significant increase ◼ ROE continued to increase to 30%, 11 percentage points higher than last
Slide 5: 2/ Financial Performance
2/ Financial Performance 04
Slide 6: 2018 Annual Results
2018 Annual Results RMB million 2018 2017 Change amount Year-on-year change Sales revenue recognized in the balance sheet 7,561 6,214 1,347 22% Revenue from development service 1,000 753 247 33% Property projects in the PRC 3,854 4,095 (241) -6% Property projects in the US 2,553 1,331 1,222 92% Inco
Slide 7: 2018 Annual Results
2018 Annual Results RMB million 2018 2017 Year-on-year change ROE Increased by 10.8 percentage points Earnings per share (RMB) 93% Gross profit margin Increased by 4.0 percentage points Combined gross profit margin of property business 26.9% 19.3% Increased by 7.6 percentage points Gross profit marg
Slide 8: Segment revenue - Continuous growth in operational performance
Segment revenue - Continuous growth in operational performance Total revenue (including share of revenue of joint Revenue of property business in the PRC (including share ventures and associates) of revenue of joint ventures and associates) Unit: RMB million Unit: RMB million Revenue of property Sha
Slide 9: Information of major items in the balance sheet
Information of major items in the balance sheet RMB million 31 December 2018 31 December 2017 Change amount Year-on-year change Bank balance and cash Note 1 (excluding restricted cash) 5,405 3,342 2,063 62% Total assets 26,775 20,321 6,454 32% Total liabilities 22,014 16,622 5,392 32% Total equity 4
Slide 10: Liabilities on and off-balance sheet
Liabilities on and off-balance sheet RMB million 31 December 2018 31 December 2017 Change amount Year-on-year change On-balance sheet: Interest bearing debts 7,025 5,429 1,596 29% Bank balance and cash (excluding restricted cash) 5,405 3,342 2,063 62% Net debt (excluding restricted cash) 1,620 2,088
Slide 11: Solid credit indicators
Solid credit indicators Unit: RMB million 10.0x 2016 2017 2018 8.7x 9.0x 8.0x 7.2x 7.0x 7.0x 6.0x 5.0x 4.0x 3.5x 3.0x 2.6x 3.0x 2.3x 1.5x 1.7x 2.0x 1.0x 0.0x Total liabilities /EBITDA EBITDA/ Finance cost Cash/Short-term liabilities 10
Slide 12: Effective management and control of liabilities
Effective management and control of liabilities Diversified financing channels Sufficient banking facilities • Overseas: successfully issued public offering bonds of US$200 million in the As of the end of December 2018, the Company maintained good long-term Hong Kong public market in April-May 2018
Slide 13: Real estate fund
Real estate fund ⚫ As of the end of 2018, the asset size managed by Green Fir Investment amounted to RMB8.76 billion; ⚫ In May 2018, Green Fir Investment was recognized as one of the “TOP 10 Real Estate Equity Investment Funds in 2017”, two funds under its management were recognized as “Real Estate
Slide 14: 3/ Business Review
3/ Business Review 13
Slide 15: Contracted sales
Contracted sales Contracted sales amount (in RMB hundred million) In 2018, Landsea Group and its joint ventures and associates delivered the 35.01 following results under “Landsea Products” 74.14 In RMB hundred 33.69 million in ‘0000m² 42.96 243.84 272.33 Contracted sales Contracted GFA amount In RM
Slide 16: New projects
New projects Saleable value Saleable GFA Number of Share of saleable Region City (RMB hundred projects value (‘0000 sq.m.) million) Nanjing 1 5% 19 7 Hangzhou 1 6% 23 13 Suzhou 3 12% 45 19 Kunshan 2 4% 16 5 Yangtze River Delta Changzhou 1 6% 22 10 Nantong 1 9% 33 25 Suqian 1 4% 15 21 Subtotal 10 44%
Slide 17: Projects available for development
Projects available for development Saleable value Saleable GFA Number of Share of Region City (RMB hundred projects saleable value million) (‘0000 sq.m.) Shanghai 4 1% 15 5 Nanjing 16 25% 300 106 Hangzhou 5 2% 30 15 As of the end of 2018, projects Hefei 3 2% 27 13 managed by Landsea: Suzhou 9 7% 83
Slide 18: Leading differentiated products of green construction
Leading differentiated products of green construction Achieve the value of human Optimize products and achieve the goal of oriented product differentiation differentiated green construction through professional environment simulation analysis and design Healthy temperature and Comfortable airflow hu
Slide 19: Product innovation and breakthrough – Urban renewal
Product innovation and breakthrough – Urban renewal Shanghai Landsea Shanghai Manhattan, Green Center Xinxijiao New York Shenzhen CEIBS 18
Slide 20: Honours and awards
Honours and awards Shanghai Landsea Shanghai Manhattan, Green Center Xinxijiao New York 8 consecutive years Top 10 Best Green Property Performing Property Top 100 Property Operator of the Year Developers in China Developers in China in China 2018 2018 Shenzhen CEIBS “Construction 21 Beijing Yanqing
Slide 21: Asset-light model focusing on minority interests
Asset-light model focusing on minority interests Landsea ‘s advantages of ability, Carry out different types of asset-light business models through New profit growth drivers experience, brand and differentiated cooperation with complementary financial institutions, famous + Diversified investment ri
Slide 22: 4/ 2019 Business Outlook
4/ 2019 Business Outlook 21
Slide 23: Property development Outlook
Property development Adhere to the strategies Focus on the core business and continue the development of Green Property in core urban area 2019 Outlook Expand to Greater Bay Area Make further development in the and establish a nationwide business network four major portal cities in the United States
Slide 24: Landsea Always On The Way – Investor Relations
朗诗 永远在路上 LANDSEA ALWAYS ON THE WAY Landsea team climbing Mount Elbrus on 3 August 2018 Investor Relations E-mail: ir@landsea.hk 23
Landsea Green Group Company — FY2018 Earnings Presentation on 6ix